New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Retail space
601 Hwy 17th Nbus, Surfside Beach, SC 29575-6024
Individually Owned
24-yr Hold
Free & Clear
Property ID
US77-1918813
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
CONCRETE
Total area
10,795 SF
Lot
1.59 ac (69,260 SF)
Zoning code
C-1
APN
459-15-04-0012
UPID
US77-1918813
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.41M
Owner & transaction history
Elizabeth L Cornelius · 24 yrs held
Elizabeth L Cornelius
since 2002
7 recorded transactions
Zoning & alternative use
C-1 · Surfside Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.3M
+48.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Surfside Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surfside Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,625,000
6.5%
$2,420,000
7%
$2,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,195,000
Current use
MEDICAL BUILDING
$3,250,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$223 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,982
Tax year 2023
Assessed value
$85,239
Assessed 2023
Effective rate
24.62%
On assessed value
Assessed land
$31,005
Assessed improvement
$54,234
Land market value
$516,750
Improvement market value
$1,427,300
Total market value
$1,944,050
Applied tax rate
660.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Stories
1
Total area
10,795 SF
Lot
1.59 ac (69,260 SF)
Zoning code
C-1
APN
459-15-04-0012
UPID
US77-1918813
Jurisdiction
HORRY
Zoning & alternative use
C-1 · Surfside Beach, SC
Zoning C-1 · permitted uses
C-1 · Surfside Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surfside Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Elizabeth L Cornelius
Individual
Free & Clear · 24 yrs held
Mailing address
PO BOX EE, WOONSOCKET, RI 02895-0988
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
—
Scp 2003a29 LLC
—
Deed
related
$55,000,000 · United Community Bank
Aug 14, 2019
—
Elizabeth L Cornelius
—
Deed
related
$27,500,000 · Chemical Bk
Feb 21, 2002
$70,000
Elizabeth L Cornelius
—
Grant Deed
—
Jan 20, 2000
$236,000
Lillian Elizabeth Lovvorn
—
Grant Deed
related
—
—
—
Scp 2003a-29 LLC
—
Deed Of Trust
related
$24,752,436 · Jp Morgan Chase Bk
—
—
Elizabeth L Cornelius
—
Deed Of Trust
related
$27,500,000 · Chemical Bk
—
—
Scp 2003a-29 LLC
—
Deed Of Trust
related
$24,000,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 601 Hwy 17th Nbus?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
